23/06/2015
Good morning
The purposes of Insurance
Insurance can help you manage the risks of relatively rare, but expensive events, throughout your life such as car accident, theft or fire. Without the protection of an insurance policy, you would be responsible for covering the loss you experienced.
Thankfully, not everyone will experience a catastrophic loss in their lifetime. Insurance companies pool many people's small, regular payments to cover the expenses of uncommon, large events (such as severe storm damage). Insurance companies are able to use data to track trends that can spread this risk among all its customers.
Are the insurance companies in Zimbabwe showing the above purposes or importance of insurance?
